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2o�oos343 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of T h e 5 t a t e o f N e b r a s k a Lender's address is 221 South Locust St Grand I sl and NE 6$801- Lender is the bene�iciary under this Security Instrument. (D) "Trustce" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated N p v e m b e r 0 5. Z 010 . The Note states that Borrower owes Lender p N E H ll N D R E D S I X T E E N THO U SAN D A N D 0 0/ 10 0 Dollars (U. S. $ 116 , 0 0 0. 0 0 ) plus interest. Borrower has promised ta pay this debt in regular Periodic Payments and to pay the debt in full not later than D e c e m b e r 1, 2 0 3 0 . (� "Property" means the property thaC is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Notc, plus interest, any prepayment charges and late charges due under the Note, and all surns due under this Security Instrument, plus interest. (I� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Adjustable Rate Rider ❑ Condaminium Rider � Second Home Rider � Ballaon Rider 0 Planned Unit Development Rider � 1-4 Family Rider 0 VA Rider 0 Biweekly Payment Rider � Other(s) [specify] (I) "Applicable Law" means all contrnlling applicable federal, state and local statutes, regulations, ordinances and adrninistrative rules and orders (that ha�e the effect oF law) as well as all applicable �'mal, non-appealable judicial opinions. (J) "Community Association Daes, Fees, and Assessments" means all dues, fees, assessrnents and other charges that ara imposed on Borrower or the Property by a condominium associatian, horneowners association or sixnilar organization. (K) "Electronic �nds Transfer" means any transfer of funds, other than a transacCian originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrurnent, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, auComated teller rnachine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" meaus thase items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage ta, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyauce in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (I� "Mortgage Insurance" rneans insurance pratecting Lender against the nanpayrnent of, or default on, the Loan. NEBFtASKA » Single Family - Fannia Mae/Freddie Mac UNIFpRM INSTRUMENT /� � �-61NE) Ioei ii Page 2 of 15 in�sisis: �/(.t� Form 3028 9/01 �r ��.